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MyFeda

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Mobile app enabling secure cross-border payments without a bank account.

Overview

MyFeda operates in the cross-border payments sector, offering a mobile application for individuals to send, receive, and make online payments globally without requiring a bank account. The platform aims to address challenges faced by users, particularly those with limited internet access, by providing a payment solution that emphasizes security. MyFeda's services include money transfers, online payments, and in-app shopping, with support for various mobile money methods in the UEMOA region. The application facilitates transactions through partner banks for Western Union and MoneyGram, and enables bank transfers to over 140 countries. MyFeda's mission focuses on improving accessibility to financial services, ensuring transparency in transactions and fees, and providing customer support.

Key facts

Founded
2022
Headquarters
Cotonou, Benin
Sector
Payments

Business model

Contact

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About MyFeda

What does MyFeda do?

MyFeda operates in the cross-border payments sector, offering a mobile application for individuals to send, receive, and make online payments globally without requiring a bank account.

Where is MyFeda headquartered?

MyFeda is headquartered in Cotonou, Benin.

When was MyFeda founded?

MyFeda was founded in 2022.

Which sector is MyFeda in?

MyFeda operates in Payments, part of Financial Technology.

Who are MyFeda's competitors?

Companies similar to MyFeda include Monis, BnB CashApp, and E-Faranga.